Bottom line
- Total investment $198K – $585K including a $25K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 61/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Raceway unit return on the cash you put in?
Unlevered ROIC · per unit
16%
Below typical band (30–60%)
Overview
About
Raceway franchisees operate convenience store and/or fuel retail locations, managing inventory, customer transactions, fuel pumps, and point-of-sale operations. Day-to-day responsibilities include staffing management, compliance with fuel regulations, merchandising, and working toward unit economics that depend heavily on fuel margins and in-store retail sales.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 13 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Raceway presents moderate-to-high risk due to absent profitability disclosure, anemic growth, unprotected territories, and an opaque ROI model that prevents proper financial due diligence.
Score breakdown · what drove the 61 / 100 rating
- 01MEDNo Item 19 (average unit volumes) disclosed — impossible to assess actual profitability or ROI on $197.5K-$585K investment
- 02MINORAnemic unit growth of only 3.5% YoY suggests market saturation, franchisee struggles, or weak brand momentum
- 03MINORUnprotected territory creates direct competition risk — franchisor can place new units near existing franchisees without restriction
- 04MINORLow fixed royalty ($1,000/month = $12K/year) may indicate weak franchisor support or reliance on underperforming locations
- 05MINORWide investment range ($197.5K-$585K) with no revenue disclosure makes it impossible to validate payback period or break-even timeline
- 06MINOR5-year term is relatively short; franchisee may struggle to recoup investment before renewal renegotiation
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
25 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Raceway · FDD (2025) PDF